Form 4: Avery Dennison Executive Chairman Mitchell Butier Exercises Options and Sells Shares Under 10b5-1 Plan

Mitchell Butier, Executive Chairman of Avery Dennison, executed stock options and sold shares of common stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Mitchell Butier, the Executive Chairman of Avery Dennison Corp, executed options to purchase 10,000 shares on August 22, 2024, and 7,108 shares on August 23, 2024, at a price of $73.956 per share.
• He then sold these shares on the open market.
• On August 22, 2024, he sold 4,795 shares at a weighted average price of $214.7265 and 5,205 shares at a weighted average price of $215.6893.
• On August 23, 2024, he sold 759 shares at a weighted average price of $217.1374, 3,689 shares at a weighted average price of $217.9069, and 2,660 shares at a weighted average price of $218.6846.
• These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2024, which allows for the potential sale of up to 141,108 shares.
• Following these transactions, Butier directly owns 304,114 shares of Avery Dennison common stock and indirectly owns 4,179.333 shares through a savings plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.

Future Outlook

The reporting person has a trading plan in place that allows for the potential sale of up to 141,108 shares.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It is common for executives to utilize Rule 10b5-1 trading plans to diversify their holdings and avoid accusations of trading on non-public information.

Stakeholder Impact

• The stock sales could exert downward pressure on the stock price, potentially impacting shareholders.

Key Dates